NMB had collected 23% of total projected revenue by September 30

OCTOBER 24, 2014

The Nelson Mandela Bay Municipality had collected R1.83 billion or 23% of projected revenue of R8.1 billion by the end of the first quarter of 2014/15, according to figures presented to the Budget Performance Monitoring Forum this week.

This was against a target of just over R2 billion or 25% for the first quarter.

The figures show that the metro was on target as far as property rates are concerned, having collected R343.5 million or 25% of projected income of R1.4 billion.

Revenue from electricity service charges amounted to R754.9 million, which is 24% of the budgeted target for the year of R1.4 billion.

Revenue from water service charges stood at R113.3 million which represents 20% of the projected revenue for the year of R558.2 million.

Revenue from sanitation service charges was at 21% of the budgeted total of R384.6 million at the end of the first quarter and for refuse charges 25% of R200.1 million.

The report also shows that at the end of September revenue earned from interest raised on the accounts of outstanding during the first three months of 2014/15 was R41.3 million or 23%.

The metro is hoping to attract revenue of just less than R183 million this financial year from interest on the accounts of outstanding debtors.

One area where revenue is significantly below target is “fines” where only R3.3 million or 9% had been collected against a projected R8.8 million or 24% for the first three months of the financial year.

The expenditure figures show that the metro had spent 21% of its budget for employee-related costs by September 30, or R465.7 million of the original budget of R2.2 billion.

This lower than projected expenditure on employee costs is attributed to the slow pace at which vacancies are being advertised and filled.

Bulk purchases were R573.2 million or 24% of projected expenditure for the year of R2.4 billion. - metrominutes


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